Stock Repurchase

12 Months Ended

Dec. 31, 2015

Class of Stock Disclosures [Abstract]

Stock Repurchase

Stock Repurchase

The following table shows the shares repurchased during the periods indicated:

Period in 2015	Number of Shares  Purchased	Average Price Paid Per Share		Total Number of  Shares Purchased as Part of Publicly Announced Programs
January	529,100	$	65.51	529,100
February	120,000	61.07		120,000
March	645,000	61.50		645,000
April	640,000	61.20		640,000
May	472,000	64.89		472,000
June	482,586	67.19		482,586
July	303,807	70.98		303,807
August	67,436	73.67		67,436
September	—	—		—
October	924,960	80.26		924,960
November	—	—		—
December	—	—		—
Total	4,184,889	$	68.02	4,184,889

On November 15, 2013 and September 9, 2015, the Company’s Board of Directors authorized the Company to repurchase up to $600,000 and $750,000, respectively, of its outstanding common stock.

During the year ended December 31, 2015, the Company repurchased 4,184,889 shares of the Company’s outstanding common stock at a cost of $284,567, exclusive of commissions, leaving $952,103 remaining under the total repurchase authorization at December 31, 2015.

The timing and the amount of future repurchases will depend on market conditions, the Company's financial condition, results of operations, liquidity and other factors.